Sra. Leandra is the group president. She has a small business located at the front of her house where she sells all types of products. Leandra attends to her neighbors from the area in a friendly manner. She also makes pastries and sells them in her business. Leandra is requesting a loan so that she can buy beverages, flour, eggs, oil, and other items.
All of the members strive to move forward and keep improving.
La Sra. Leandra es la presidenta del grupo, ella tiene un pequeño negocio frente a su casa, donde tiene todo tipo de productos y donde ella atiende amablemente a los vecinos del barrio, también hace masas y vende en su negocio.
Ella solicita el crédito para la compra de bebidas, harina, huevo, aceite y demás. Todas las miembros se esfuerzan por salir adelante e ir mejorando.
About Fundación ParaguayaFundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid